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Stanley Furniture history
Stanley Furniture company history timeline
His employer, J.D. Bassett, was ready to recommend that Stanley be selected as president of the company in January 1924.
The Beginning of a Tradition: 1924
Stanley Furniture was founded in 1924 by Thomas B. Stanley, a farmer-turned-industrialist, who later became governor of Virginia.
By the beginning of 1929, the Stanley Furniture Company was debt-free and growing quickly.
Despite the hardships his company was facing, Stanley decided to continue in public service and eventually he was elected first as a United States representative, then as governor of Virginia (1954-58). While Stanley pursued his political career, he remained dedicated to the company he had founded.
1957:Expansion program is launched.
1979:Mead divests Stanley, which becomes the subject of several leveraged buyouts.
A public offering of 1.7 million shares of common stock followed in July 1993.
1994:Company introduces its Saturday Evening Post/Norman Rockwell collection and enters the upholstered furniture market.
However, in 1998, the upholstered furniture was phased out to refocus on the company's wood furniture, sales of which were on the rise.
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Stanley Furniture competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Leggett & Platt | 1883 | $4.4B | 20,000 | 112 |
| Ashley HomeStore | 1945 | $4.7B | 35,000 | 410 |
| Furnitureland South | 1969 | $226.0M | 700 | 24 |
| Elevate Textiles | 1923 | $750.6M | 3,000 | 46 |
| Heritage Home Group | 2013 | $1.7B | 4,324 | 34 |
| Nucor | 1940 | $30.7B | 26,001 | 457 |
| American Woolen | 1899 | $350.0M | 1,500 | - |
| Hibbett Sports | 1945 | $1.7B | 4,350 | 829 |
| Sierra Trading Post | 1986 | $45.0M | 950 | 266 |
| Southern Finishing | - | $74.7M | 200 | - |
Stanley Furniture history FAQs
Zippia gives an in-depth look into the details of Stanley Furniture, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Stanley Furniture. The employee data is based on information from people who have self-reported their past or current employments at Stanley Furniture. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Stanley Furniture. The data presented on this page does not represent the view of Stanley Furniture and its employees or that of Zippia.
Stanley Furniture may also be known as or be related to Hg Holdings, Inc., Stanley Furniture, Stanley Furniture Co., Inc. and Stanley Furniture Company Inc.